Izmir-based mobile game studio Mobge Games has raised an investment from Joygrid Ventures at a valuation of $10 million. The investment amount was not disclosed.
Mobge Games develops action-focused mobile games, with Oddmar among its most notable titles. The game won an Apple Design Award in 2018 and was later released on Nintendo Switch following its launch on mobile platforms.
With years of development experience, Mobge Games has worked on numerous mobile game projects across different genres and scales. In its new phase, the studio aims to use this expertise to focus particularly on projects in the action category with strong potential for global growth.
Mobge Games Co-Founder and CEO Özgür Taşkın said the following about the investment:
“Over the years, while maintaining our quality standards, we have built strong capabilities in rapid production, testing, and iteration. Our focus now is to use this experience to dedicate more time and resources to projects that show strong potential and turn them into larger, longer-lasting games. Joygrid Ventures’ long-term perspective and its emphasis on working closely with teams also create the right foundation for this partnership as we enter this new phase.”
Joygrid Ventures Investment Director Ali Özdemir commented on the investment decision:
“We are very happy to join forces with Mobge Games. The team’s approach to games and product development aligns perfectly with our investment philosophy. At Joygrid, our goal is to offer not only capital, but also a partnership backed by hands-on industry experience.”
Joygrid Ventures aims to build long-term partnerships with entrepreneurial teams by investing in early-stage companies.
